Can I retire at age 59 with 770,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$63,586$63,019$62,467$61,928$61,401$60,112
2 years$31,478$30,892$30,324$29,773$29,239$27,946
3 years$20,777$20,188$19,621$19,076$18,550$17,294
4 years$15,427$14,840$14,279$13,743$13,230$12,021
5 years$12,219$11,635$11,081$10,556$10,057$8,898
6 years$10,080$9,501$8,955$8,442$7,958$6,850
7 years$8,553$7,979$7,442$6,940$6,472$5,415
8 years$7,408$6,839$6,311$5,822$5,369$4,363
9 years$6,519$5,955$5,436$4,959$4,522$3,566
10 years$5,807$5,249$4,739$4,275$3,853$2,946
11 years$5,225$4,673$4,172$3,720$3,313$2,455
12 years$4,741$4,194$3,703$3,263$2,871$2,060
13 years$4,331$3,790$3,308$2,881$2,504$1,738
14 years$3,981$3,445$2,972$2,557$2,195$1,473
15 years$3,677$3,147$2,684$2,281$1,933$1,253
16 years$3,411$2,888$2,433$2,042$1,708$1,069
17 years$3,177$2,659$2,214$1,835$1,514$915
18 years$2,970$2,457$2,021$1,654$1,347$784
19 years$2,784$2,277$1,850$1,494$1,200$674
20 years$2,617$2,116$1,698$1,353$1,072$580
21 years$2,466$1,971$1,562$1,228$959$500
22 years$2,329$1,840$1,440$1,117$860$431
23 years$2,204$1,721$1,329$1,017$772$372
24 years$2,090$1,612$1,229$928$694$322
25 years$1,985$1,513$1,139$847$624$278
26 years$1,888$1,422$1,056$775$562$241
27 years$1,799$1,338$981$709$507$208
28 years$1,716$1,261$912$650$457$180
29 years$1,639$1,190$848$596$413$156
30 years$1,567$1,124$790$547$373$136
31 years$1,500$1,062$737$502$337$118
32 years$1,438$1,005$687$461$305$102
33 years$1,379$952$642$424$276$88
34 years$1,324$902$600$390$250$77
35 years$1,272$856$561$359$227$67
36 years$1,223$812$524$331$205$58
37 years$1,177$771$491$305$186$50
38 years$1,133$733$460$281$169$44
39 years$1,092$697$431$259$153$38
40 years$1,053$663$404$239$139$33
41 years$1,016$631$378$221$126$29
42 years$980$601$355$204$114$25
43 years$947$573$333$188$104$22
44 years$915$546$313$173$94$19
45 years$884$521$294$160$85$16
46 years$855$497$276$148$78$14
47 years$828$474$259$137$70$12
48 years$801$453$243$126$64$11
49 years$776$432$229$117$58$9
50 years$752$413$215$108$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $770,000, adding $6,541 every year, while hoping to spend $29,115 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 62/19/19 Blend
58$770,000$770,000$770,000$770,000
59$855,287$814,477$802,542$903,758
60$911,548$823,408$798,449$946,152
61$972,572$831,801$793,243$988,573
62$1,038,814$839,599$786,856$1,034,212
63$1,110,774$846,741$779,217$1,083,383
64$1,189,004$853,161$770,251$1,136,436
65$1,274,108$858,792$759,880$1,193,756
66$1,366,753$863,559$748,022$1,255,766
67$1,467,672$867,384$734,592$1,322,936
68$1,577,673$870,184$719,499$1,395,783
69$1,697,643$871,871$702,650$1,474,878
70$1,828,561$872,350$683,946$1,560,850
71$1,971,501$871,522$663,286$1,654,396
72$2,127,648$869,281$640,560$1,756,281
73$2,298,307$865,515$615,658$1,867,353
74$2,484,913$860,103$588,461$1,988,546
75$2,689,046$852,920$558,846$2,120,890
76$2,912,447$843,832$526,686$2,265,522
77$3,157,032$832,695$491,845$2,423,698
78$3,424,911$819,359$454,184$2,596,801
79$3,718,409$803,664$413,556$2,786,359
80$4,040,084$785,441$369,807$2,994,056
81$4,392,756$764,511$322,779$3,221,753
82$4,779,529$740,684$272,304$3,471,499
83$5,203,822$713,758$218,207$3,745,556
84$5,669,401$683,522$160,307$4,046,419
85$6,180,416$649,750$98,412$4,376,842
86$6,741,435$612,205$32,326$4,739,859
87$7,357,492$570,634$0$5,138,820
88$8,034,133$524,772$0$5,585,163
89$8,777,466$474,337$0$6,082,712
90$9,594,220$419,032$0$6,629,446
91$10,491,808$358,542$0$7,230,368
92$11,478,399$292,537$0$7,890,991
93$12,562,989$220,665$0$8,617,392
94$13,755,492$142,555$0$9,416,271
95$15,066,829$57,818$0$10,295,011
96$16,509,033$0$0$11,261,751
97$18,095,362$0$0$12,332,562
98$19,840,422$0$0$13,523,883
99$21,760,308$0$0$14,834,621
100$23,872,750$0$0$16,276,890